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Matsa Resources Limited
(Sydney:MAT)
Matsa Resources Limited (MAT) vs. iShares MSCI Australia ETF (EWA)
Matsa Resources Limited Business Overview & Revenue Model
Matsa Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.05M |
| Gross Profit | -83.28K | -210.02K | -1.46K | -621.72K | -103.38K | -146.48K |
| EBITDA | 3.43M | 1.60M | -3.36K | -3.78M | -3.08M | 3.23M |
| Net Income | 2.97M | 1.43M | -4.60K | -819.00K | -6.03M | -9.65M |
Balance Sheet | ||||||
| Total Assets | 33.13M | 33.13M | 23.28M | 23.23M | 22.64M | 27.83M |
| Cash, Cash Equivalents and Short-Term Investments | 6.91M | 6.91M | 1.04M | 794.30K | 1.57M | 3.03M |
| Total Debt | 5.96M | 5.96M | 5.58M | 4.68M | 4.20M | 4.40M |
| Total Liabilities | 12.59M | 12.59M | 10.21M | 9.51M | 10.10M | 12.46M |
| Stockholders Equity | 20.46M | 20.46M | 12.99M | 13.64M | 12.47M | 15.29M |
Cash Flow | ||||||
| Free Cash Flow | 2.55M | 1.49M | -3.97M | -2.60M | -4.95M | -7.41M |
| Operating Cash Flow | 5.84M | 4.78M | -3.44M | -868.81K | -3.32M | -5.30M |
| Investing Cash Flow | -4.01M | -4.01M | -477.01K | -2.05M | -959.99K | -2.68M |
| Financing Cash Flow | 5.11M | 5.11M | 4.16M | 1.63M | 2.29M | 8.72M |
Matsa Resources Limited Technical Analysis
Matsa Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | AU$215.20M | -42.46 | -6.79% | ― | ― | 19.94% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$137.48M | 96.67 | 8.05% | ― | ― | ― | |
52 Neutral | AU$160.32M | -66.67 | -5.37% | ― | ― | ― | |
47 Neutral | AU$48.65M | -2.57 | -180.34% | ― | -12.81% | 24.49% | |
47 Neutral | AU$75.94M | -8.33 | -42.43% | ― | 307.85% | -133.82% | |
44 Neutral | AU$46.49M | -6.42 | -59.63% | ― | ― | -39.53% |
Matsa Resources Limited Corporate Events
Matsa Resources Limited has confirmed the allotment of 2,837,778 fully paid ordinary shares following the exercise of unlisted options, further expanding its issued capital base. The company stated that the new shares were issued without a prospectus under relevant Corporations Act provisions and affirmed its compliance with continuous disclosure and financial reporting obligations, signalling a routine capital management step that modestly increases equity while maintaining regulatory transparency for existing and prospective investors.
The most recent analyst rating on (AU:MAT) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has applied for quotation on the ASX of 2,837,778 new fully paid ordinary shares, to be issued on 14 January 2026 following the exercise or conversion of existing options or other convertible securities. The additional quoted securities modestly expand Matsa’s equity base, potentially providing further capital flexibility for its resource exploration and development programs and slightly increasing the free float available to existing and prospective shareholders.
The most recent analyst rating on (AU:MAT) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has commenced its second gold ore processing campaign from the Devon Pit Gold Mine, with approximately 50,000 tonnes of stockpiled ore now being treated at FMR’s Greenfield processing plant after 12 weeks of accumulation. A third processing campaign is already scheduled for April 2026, signalling ongoing production momentum at the Devon operation and providing clearer near-term visibility on output for investors and other stakeholders.
The most recent analyst rating on (AU:MAT) stock is a Hold with a A$0.13 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has confirmed the allotment of 132,820 fully paid ordinary shares following the exercise of unlisted options, formalised through an Appendix 2A filing with the ASX. The company stated that these shares were issued without a prospectus under the Corporations Act’s fundraising provisions, and affirmed its ongoing compliance with key financial reporting and continuous disclosure obligations, signalling regulatory transparency and a modest expansion of its equity base for existing stakeholders.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has lodged an application with the ASX for quotation of 132,820 new ordinary fully paid shares, effective 24 December 2025. The relatively small issuance arises from the conversion or exercise of existing securities and marginally increases the company’s quoted share capital, providing additional liquidity in the stock without indicating a major change in capital structure or strategy for current shareholders.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has announced the issuance of 398,000 fully paid ordinary shares following the exercise of unlisted options, indicating compliance with the Corporations Act without requiring investor disclosures. This move underscores its commitment to regulatory adherence and may enhance the company’s liquidity and market positioning, benefiting its shareholders and aligning with its corporate governance strategy.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has announced an application for the quotation of 398,000 new fully paid ordinary shares on the Australian Securities Exchange (ASX), effective December 18, 2025. This issuance highlights the company’s ongoing efforts to leverage equity markets for growth, potentially enhancing its financial position and providing opportunities for stakeholders to benefit from its expanding mining exploration efforts.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has announced the issuance of 50,000 fully paid ordinary shares following the exercise of unlisted options. This move was made without disclosure to investors under specific sections of the Corporations Act, and the company has complied with all relevant legal provisions. The issuance of these shares reflects Matsa’s ongoing efforts to manage its capital structure and potentially enhance its market position.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has announced the issuance of 50,000 fully paid ordinary securities, set to be quoted on the Australian Securities Exchange (ASX) on December 10, 2025. This move is part of the company’s strategy to enhance its capital structure and support its ongoing operations, potentially impacting its market positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited announced that it has received an early payment of A$1.5 million from AngloGold Ashanti Australia Limited as part of the Tenements Option Agreement for the Lake Carey Gold Project. This payment, which is the second installment, contributes to a total of A$7.2 million received by Matsa from AngloGold Ashanti, indicating a strong ongoing partnership and financial inflow that could enhance Matsa’s operational capabilities and market position.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has announced a change in the director’s interest, specifically concerning Pascal Blampain. The company reports that Blampain has acquired 2,000,000 fully paid ordinary shares and disposed of 1,500,000 fully paid ordinary shares and 2,000,000 unlisted options. This change reflects an exercise of options and an off-market disposal of shares, resulting in Blampain holding 2,299,999 fully paid ordinary shares and a number of unlisted options. The transaction, valued at $180,000 for both acquisition and disposal, indicates a strategic adjustment in the director’s investment portfolio.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited announced a change in the director’s interest, specifically involving Andrew Chapman. The change included the acquisition of 1,500,000 fully paid ordinary shares and the disposal of 361,338 fully paid ordinary shares and 1,500,000 unlisted options. This adjustment in holdings reflects strategic financial decisions by the director, potentially impacting the company’s stock value and investor confidence.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has announced the issuance of 3,500,000 fully paid ordinary shares following the exercise of unlisted options. This move is part of the company’s ongoing compliance with the Corporations Act, and the shares were issued without disclosure to investors under specific provisions of the Act. This issuance could potentially impact the company’s market capitalization and shareholder distribution, reflecting its strategic financial maneuvers.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has announced the quotation of 3,500,000 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 1, 2025. This move is part of the company’s strategy to enhance its financial flexibility and support its ongoing operations and growth initiatives, potentially impacting its market position and providing value to its stakeholders.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has announced the issuance of 2,758,667 fully paid ordinary shares following the exercise of unlisted options. This move is part of the company’s ongoing financial management strategy, with the shares being issued without disclosure to investors under specific provisions of the Corporations Act. The announcement highlights Matsa’s compliance with relevant regulatory requirements and reflects its efforts to enhance shareholder value and market positioning.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has announced the quotation of 2,758,667 fully paid ordinary securities on the Australian Securities Exchange (ASX), effective November 27, 2025. This move is part of the company’s strategic efforts to enhance its financial flexibility and potentially expand its operations, reflecting positively on its market presence and offering potential benefits to its stakeholders.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited announced that during its Annual General Meeting held on November 26, 2025, all resolutions except one were passed with the requisite majority of shareholder votes. Resolution 5 was withdrawn due to insufficient support. This outcome reflects strong shareholder backing for the company’s current strategic direction and governance, potentially reinforcing its position in the market and signaling stability to stakeholders.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has announced a change in the director’s interest, specifically regarding Andrew Chapman’s securities holdings. The change involved the acquisition of 1,093,378 fully paid ordinary shares and the disposal of 212,041 fully paid ordinary shares and 1,093,378 unlisted options. This adjustment in holdings reflects strategic financial maneuvers by the director, potentially impacting the company’s stock market performance and signaling confidence in the company’s future prospects.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited announced the issuance of 3,995,878 fully paid ordinary shares following the exercise of unlisted options. This move, compliant with relevant sections of the Corporations Act, reflects the company’s ongoing efforts to manage its capital structure effectively. The issuance was conducted without disclosure to investors under specific provisions, and the company has ensured compliance with necessary regulatory requirements. This development is part of Matsa’s broader strategy to strengthen its market position and enhance shareholder value.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has announced the issuance of 3,995,878 ordinary fully paid securities, which will be quoted on the ASX as of November 18, 2025. This move reflects the company’s strategic efforts to strengthen its capital base and potentially improve its market position, which could have implications for its stakeholders and future operations.
The most recent analyst rating on (AU:MAT) stock is a Buy with a A$0.25 price target. To see the full list of analyst forecasts on Matsa Resources Limited stock, see the AU:MAT Stock Forecast page.
Matsa Resources Limited has announced the issuance of 8,000 fully paid ordinary shares following the exercise of unlisted options. This move is part of the company’s compliance with relevant provisions of the Corporations Act, and it reflects its ongoing efforts to manage its share capital effectively. The announcement does not include any excluded information under the relevant sections of the Act, indicating transparency in its operations.
Matsa Resources Limited has announced the issuance of 8,000 ordinary fully paid securities to be quoted on the ASX, effective November 3, 2025. This move is part of the company’s strategy to enhance its capital structure, potentially impacting its market positioning and providing opportunities for stakeholders to engage with the company’s growth initiatives.
Matsa Resources Limited reported significant progress in its operations for the quarter ending September 2025, with the commencement of ore mining at the Devon Pit Gold Mine, resulting in the production of 2,604 ounces of gold. The company has also completed a $10 million capital raising and secured an additional $5 million in funding to support future growth. Furthermore, Matsa has engaged Entech for mining optimizations at several gold deposits, and AngloGold Ashanti has initiated fieldwork on option tenements, indicating a strategic focus on expanding its gold mining capabilities.
Matsa Resources Limited has released its annual report for 2025, detailing the company’s key financial and operational highlights. The report provides insights into the company’s performance over the past year, including strategic initiatives and market positioning. This release is crucial for stakeholders as it outlines Matsa’s future direction and potential growth opportunities within the industry.
Matsa Resources Limited has announced its Annual General Meeting (AGM) will be held on 26 November 2025 in Perth. Shareholders are encouraged to attend in person, by proxy, or through an authorized representative. The company emphasizes the importance of the Notice and proxy form, available on its website, and urges shareholders to update their contact details for electronic communications.
Matsa Resources Limited has announced the issuance of 11,301,942 fully paid ordinary shares following the exercise of unlisted options. This move is part of the company’s compliance with the Corporations Act and reflects its ongoing efforts to manage its financial structure, potentially impacting its market capitalization and shareholder distribution.
Matsa Resources Limited has announced the quotation of 11,301,942 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 24, 2025. This move is part of the company’s strategic financial operations, potentially enhancing its market liquidity and providing additional capital for its ongoing and future projects, thus impacting its operational capabilities and market presence.
Matsa Resources Limited has announced the issuance of 2,493,125 fully paid ordinary shares following the exercise of unlisted options. This move is part of the company’s compliance with the Corporations Act and does not require disclosure to investors under Part 6D.2 of the Act. The issuance of these shares is expected to impact the company’s market capitalization, which currently stands at A$133.74 million, and reflects the company’s ongoing efforts to strengthen its financial position.
Matsa Resources Limited has announced the quotation of 2,493,125 new ordinary fully paid securities on the Australian Securities Exchange (ASX) as of October 17, 2025. This move is part of the company’s strategy to enhance its capital structure by converting options or other convertible securities, potentially impacting its market positioning and providing additional resources for its operations.